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Hoskinson offers to help out Ethereum classic but gets turned down by leadership

The founder and CEO of Cardano, Charles Hoskinson recently offered to help the community in Ethereum classic however, there was a big catch to this assistance.  The community would first have had to institute a decentralised treasury system, which is similar to what Hoskinson and Cardano do with their blockchain ecosystems.  The founder and CEO of Cardano, Charles Hoskinson recently offered to help the community in Ethereum classic however, there was a big catch to this assistance. The community would first have had to institute a decentralised treasury system, which is similar to what Hoskinson and Cardano do with their...

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Yet another 51% attack occurs on Ethereum Classic, should they move to proof of stake?

In just one week, the Ethereum Classic blockchain has experienced its second at 51% attack. Bitfly highlighted the attack earlier this week with Binance also confirming that the reorganisation of over 4000 blocks on the block number 10935622. In just one week, the Ethereum Classic blockchain has experienced its second at 51% attack. The parent company of the Ethermine mining pool, Bitfly highlighted the attack earlier this week on Thursday with one of the biggest platforms in the space, Binance also confirming that the reorganisation of over 4000 blocks on the block number 10935622. This is the second 51% attack...

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ETH Vs ETC - Which Token Has the Most Usability?

Bitcoin continues to be the dominant force in the industry quickly followed by ETH.  The market cap of the latter has a market cap of over $25 million which is a significant number compared to its fork, Ethereum Classic. In a recent blog post published by Nicolas Contasti highlighted the key differences between the two cryptocurrencies to see which coin offers the best option. Bitcoin continues to be the dominant force in the industry quickly followed by ETH. The market cap of the latter is over $25 million which is a significant number compared to its fork, Ethereum Classic. In...

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27 January 2020 - ETC/ EUR – Hourly

In this Hourly chart of Ethereum Classic / Euro (ETC/ EUR), there is a depreciating range from 8.469 to 7.111. We can observe that the market then appreciated to the 8.012 level (identified by the first red down arrow), just above the 7.950244 level that represents the 61.8% retracement of the depreciating range. We can observe that this was also very close to the 200-bar Simple Moving Average (identified in yellow). We can observe that the market then depreciated to the 7.377 level (identified by the blue up arrow), just below the 7.431488 level that represents the 23.6% retracement of...

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15 January 2020 - ETC/ BTC – Hourly

In this Hourly chart of Ethereum Classic/ Bitcoin (ETC/ BTC), there is an appreciating range from 0.000576 to 0.000670. We can observe that the market then depreciated to the 0.000635 level (represented by the first blue up arrow), right around the 0.00063409 area that represents the 38.2% retracement of the appreciating range. We can also observe that the price was then supported for several bars around the 55-bar Simple Moving Average (identified by the second blue up arrow), and that the price then appreciated to the 0.000725 level. We can see that the price then depreciated to the 0.000660 level....

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